Many entrepreneurs are capitalizing on the growing Marijuana market. GreenWave Advisors Founder and Managing Partner Matt Karnes explains the opportunity he sees in this space.
Last week, shares of Marijuana stocks dropped after Attorney General Sessions released a memo cracking down on federal regulation for the industry. "A pullback is actually welcomed. It's really hard to assess the valuations of these publicly traded companies because they don't trade on fundamentals. They just trade on use flow and data," says Karnes. "I would focus my efforts on privately held companies."
Last week, recreational marijuana became legal in California. "It accounts for about 40 percent of the retail market," says Karnes. GreenWave Advisors predicts the recreational marijuana industry in California to generate $5.2 billion in 2018.
Senate Democrats have blocked legislation to regulate a form of cryptocurrency after arguing that the bill needed stronger protections.
The World Video Game Hall of Fame has four new inductees.
Skype users are scrambling to find an alternative after Microsoft shut down the pioneering internet phone service which let people make cheap long distance calls and chat with other users. Google Voice lets users make calls from a smartphone or a desktop web browser but it's only available to people in the U.S. Viber users can call phone numbers but can't get a number to receive calls. Zoom offers phone options too. You could get a number from a low cost virtual carrier or try other internet phone services. Microsoft says some Skype features will migrate to Teams, but its Teams Phone feature is only for businesses.
The U.S. Justice Department is doubling down on its attempt to break up Google.
French police have rescued the father of a wealthy cryptocurrency entrepreneur in a nighttime raid.
OpenAI is reversing course and said Monday its nonprofit will continue to control the business that makes ChatGPT.
